Social Security reform may be more important than ever. Clearly, many seniors rely on these benefits and need to get the most out of them. Unfortunately, Social Security is not enough for many Americans. Those who think they will receive benefits that they can live comfortably on in retirement are often shocked to find how little they actually get. A change needs to happen and it needs to happen soon.
Social Security Benefits are Still Not Enough Going into 2024
Many Americans spend their lives working and assuming that Social Security will be there for them when they reach retirement age. Sadly, retirees without large savings often find they barely have enough to live on. Benefits are less than that of a living wage, and they fail to keep up with rising medical costs every year. The Cost-of-Living Adjustment (COLA) falls consistently below where it needs to be for inflation.
Those Who Gave the Most, Get the Least
Members of the greatest generation brought America through World War II and the Korean War. They gave so much and sacrificed for a country that now seems to forget them. Our heroes should not have to struggle to live in their older years. Unfortunately, this is exactly what’s happening to many Americans. They gave so much and now do not get what they earned.
How ‘The Elder Relief Act’ Would Help Seniors
Social Security Benefits have been unacceptably low for a long time. Cost-of-living increases amount to practically nothing when compared to inflation rates. The bill we call the Elder Relief Act would greatly increase benefits for Americans aged 82 and over. This would include an additional $85 a month plus a significant annual increase. We believe that this is the best option to finally give members of the greatest generation what they have earned.